RPAR Risk Parity ETF (NYSEARCA:RPAR) Trading 0.5% Higher – Here’s What Happened

Shares of RPAR Risk Parity ETF (NYSEARCA:RPAR) rose 0.5% on Thursday . The stock traded as high as $22.68 and last traded at $22.60. 3,907 shares traded hands during trading, a decline of 86% from the average session volume of 28,384 shares. The stock had previously closed at $22.48.

RPAR Risk Parity ETF Price Performance

The company’s 50-day moving average is $22.16 and its 200-day moving average is $22.55. The firm has a market capitalization of $590.40 million, a price-to-earnings ratio of 16.43 and a beta of 0.69.

RPAR Risk Parity ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were issued a $0.2922 dividend. This is a boost from RPAR Risk Parity ETF’s previous quarterly dividend of $0.01. The ex-dividend date was Monday, June 29th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.2%.

Institutional Trading of RPAR Risk Parity ETF

A hedge fund recently bought a new stake in RPAR Risk Parity ETF stock. Main Street Group LTD bought a new position in RPAR Risk Parity ETF (NYSEARCA:RPAR) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,422 shares of the company’s stock, valued at approximately $165,000.

About RPAR Risk Parity ETF

The RPAR Risk Parity ETF (RPAR) is an exchange-traded fund that is based on the Advanced Research Risk Parity index. The fund is an actively managed fund-of-funds allocating to four major asset classes: global equities, US Treasurys, commodities and TIPS based on risk parity. RPAR was launched on Dec 13, 2019 and is managed by RPAR.